Egypt, NVIDIA discuss AI cooperation, data centre investment

Egypt and NVIDIA are exploring opportunities for cooperation in artificial intelligence and attracting new investment in data centres, as Investment Minister Mohamed Farid met the company’s Vice President of Global AI Initiatives Calista Redmond in Washington.

The meeting, held on the sidelines of the B20 USA Summit, focused on developing technology infrastructure, attracting data centre investment, and expanding the use of AI applications across different sectors, the ministry said in a statement on Thursday.

Farid said Egypt was developing investment-promotion policies and programmes to attract investment across various sectors, including data centres, by identifying suitable locations and securing the necessary approvals and licences in coordination with relevant authorities.

The measures are intended to simplify procedures, accelerate project implementation, and strengthen Egypt’s attractiveness as a destination for advanced technology investment, he said.

The discussions also covered how NVIDIA’s expertise could be used to improve efficiency, competitiveness, and management across various sectors, alongside developing the capabilities of Egyptian professionals, supporting local startups and developers, and expanding AI applications across economic and service sectors.

Redmond outlined NVIDIA’s experience in developing AI ecosystems and cooperating with governments, businesses, and universities, expressing the company’s readiness to continue coordination with Egyptian officials to explore potential areas of cooperation.